$SOL going to high point 🚀😍
USDT technical analysis and target 🎯
Entry Zone:
Enter a short position if the price:
Fails to break $219.00 (resistance).
Breaks below $211.00 (support).
Stop Loss:
Place the stop-loss slightly above the key resistance level:
For $219.00 rejection: Stop loss above $220.50.
For $211.00 breakdown: Stop loss above $213.50.
Targets 🎯:
1. Target 1: $207.00 (nearest support).
2. Target 2: $200.00 (psychological and historical support).
3. Target 3: $193.50 (extended target for strong bearish momentum).
RSI: Falling below 50 (indicates bearish momentum).
MACD: Bearish crossover on 1h/4h charts.
Volume: Increased selling volume near resistance or during breakdown.
Risk Management:
1. Use 1–2% of your trading capital for the trade to limit potential losses.
2. Monitor key levels closely, as a breakout above $219.00 invalidates the short setup.
Example Short Trade Plan:
1. Entry: $217.00 (near resistance or after breakdown).
2. Stop Loss: $220.50.
3. Targets:
Target 1: $207.00.
Target 2: $200.00.